Money Myths – Media Mention

It was a good week for media mentions. Michelle Singletary, who writes the column Color of Money for the Washingtom Post highlighted an article I wrote for the main site about Money Myths. Some of the myths I mention:

I have a savings account so I’m saving money

If I buy something on sale, I’m saving money

If I refinance my house at a lower rate, I’m saving money

If I have a 0% or a cash back credit card, I’m saving money

If I made more money, it would be easy to save money

There are a lot of money myths that take place when you don’t actually run the numbers to see how what you’re doing affects your personal finances.